Fuel Fix

More oil rigs shut down this week

Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

A Cabot Oil & Gas Corp. natural gas drilling rig operates in the Marcellus Shale in Pennsylvania. (Cabot Oil)

The artsy side of energy (photos)

Refineries and drilling rigs clean up real nice in energy company photos.
Categories: featured, General

Tesoro’s profit falls in third quarter

Weak margins led to a decline in profit for refinery Tesoro Corp. in the quarter ended Sept. 30.


Amnesty International says Shell Nigeria falsely reports spills

Shell Nigeria said it “firmly rejects unsubstantiated assertions.”
Categories: Africa, Entertainment
This drilling rig is working in the South Texas Eagle Ford where EOG Resources had been active.  Photo: Courtesy Photo / HC

EOG profit up as crude prices, output increase

EOG has been remaking itself to focus on oil production.
Categories: Finance/Earnings
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell launches formal bid to resume Arctic drilling

Shell Oil Co. on Wednesday filed a broad drilling blueprint with federal regulators in Alaska, officially launching its formal bid to resume drilling in Arctic waters north of the state next summer.
Categories: Arctic, Offshore
Discoverer Seven Seas, a Transocean rig.

Transocean profits on increased drilling contracts

Rig operator Transocean earned $546 million during the third quarter.
(Image: Fotolia)

Oil jumps after government says demand for gasoline rising

U.S. crude for December delivery gained $1.43 to close at $94.80 a barrel.
Categories: Crude oil